Economics
U.K.'s Tight Labor Market Is Holding Back Growth, BOE Says
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U.K. companies are finding it harder and harder to hire the right people and it’s having an impact on the pace of economic growth, according to a Bank of England report.
That’s bad news for the U.K., which is already among the slowest-growing Group of Seven economies. It’s forecast to expand 1.5 percent this year and next, weaker than the euro area and the U.S.